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Court rejects Yoshitha Rajapaksa's appeal in money laundering case

Sri Lanka, July 3 -- COLOMBO - The Court of Appeal on Friday (2) dismissed an appeal filed by Yoshitha Rajapaksa, the son of former President Mahinda Rajapaksa, seeking to prevent prosecutors from pro... Read More


Upper-middle-income status masks rising poverty says Harsha

COLOMBO, July 3 -- Sri Lanka's reclassification by the World Bank as an upper-middle-income country masks the country's worsening social and economic reality, with poverty having doubled since 2019 de... Read More


Sri Lanka regains upper-middle-income status after economic recovery

COLOMBO, July 2 -- The World Bank on Thursday (2) announced the reclassification of Sri Lanka as an upper-middle-income economy effective July 1, 2026, based on its Gross National Income (GNI) per cap... Read More


Sri Lanka ends emergency imposed since deadly 2025 cyclone

Sri Lanka, July 2 -- COLOMBO - Sri Lanka on Wednesday (July 1) lifted the nationwide state of emergency imposed following the devastating Cyclone Ditwah, nearly eight months after the storm killed hun... Read More


UNDP-backed program helps SGBV survivors rebuild livelihoods in Sri Lanka

COLOMBO, July 2 -- The United Nations Development Program (UNDP) in Sri Lanka, with support from the Government of Canada, hosted a 'Knowledge and Experience Sharing' event on Thursday (2) to showcase... Read More


A milestone on a cliff edge: Sri Lanka's return to upper-middle-income status

Sri Lanka, July 2 -- On Wednesday (July 1), Sri Lanka was formally reclassified by the World Bank as an upper-middle-income country. The announcement arrived quietly, embedded in the Bank's annual rev... Read More


Sri Lanka should harness diaspora to drive investment and growth, says former minister

COLOMBO, July 2 -- Sri Lanka should view its large overseas diaspora as a strategic economic asset and introduce policies to encourage greater investment and engagement from expatriate communities, fo... Read More


Sri Lanka cuts fuel prices as global oil markets stabilize

COLOMBO, June 30 -- Sri Lanka on Tuesday (June 30) reduced retail fuel prices for the first time in four months, reversing part of a series of steep increases imposed earlier this year as global crude... Read More


Sri Lanka warns of legal action as asset declaration deadline expires

COLOMBO, June 30 -- Sri Lankan public officials required to declare their assets and liabilities must submit their annual disclosures by Tuesday (June 30) or face fines and possible legal action, the ... Read More


Tamil constitutional group forms panels to draft political solution proposal

COLOMBO, June 30 -- A Tamil constitutional initiative has moved to accelerate preparations for Sri Lanka's anticipated constitutional reform process by appointing three specialist committees to develo... Read More